![\"\"](\"http:\/\/4.bp.blogspot.com\/_gTmdbGeiE-E\/R7uK6cv5W0I\/AAAAAAAACFc\/8RZVHxMOYJg\/s320\/gollemring.jpg\")
<\/a>I complained about the price of gold back in the good old days<\/a> when gold cost a mere $700 an ounce, instead of $900-plus.<\/p>\n
For a little while at the end of last year, platinum was below $1600 an ounce — a relatively affordable upgrade from gold prices that were approaching $1000. Even recently<\/a>, I was more focused on rising gold prices than on platinum. But, due to power outages affecting the output of South African mines, platinum prices are breaking records<\/a> every day. A year ago, platinum could be purchased for $1168 an ounce. Today it is $2141 an ounce, and rising.<\/p>\n Looking back five years is even more depressing. In 2003, the low price for platinum was $602 an ounce. Let’s say it one more time. Platinum cost $602 an ounce in 2003. It costs $2141 an ounce now.<\/p>\n This is why jewelry is so very expensive. And why I get annoyed when people ask things like, “What’s the highest gold\/platinum has ever been?” two seconds after I say, “It is at a record high.” Jebus! “Record high” means “highest ever.” Do you understand NOW, hobbits? <\/script><\/p>\n","protected":false},"excerpt":{"rendered":" Remember how Gollem got so worked up when a couple of hobbits ran off with his gold ring? Well, I empathize. I complained about the price of gold back in the good old days when gold cost a mere $700 an ounce, instead of $900-plus. For a little while at the end of last year,…<\/p>\n![\"\"](\"http:\/\/4.bp.blogspot.com\/_gTmdbGeiE-E\/R7uAlcv5WyI\/AAAAAAAACFM\/bllEDoOt3bU\/s320\/pt0365nyb.gif\")
<\/a>Source: Kitco<\/a><\/span><\/span><\/div>\n![\"\"](\"http:\/\/4.bp.blogspot.com\/_gTmdbGeiE-E\/R7uBdcv5WzI\/AAAAAAAACFU\/XUk6pRVATAw\/s320\/pt1825nyb.gif\")
<\/a>Source: Kitco<\/a><\/span><\/span><\/div>\n